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922 North Boulevard, Oak Pa...

Goldman Investments Acquires Oak Park Condo Building For $12.4M
SOLD

Goldman Investments Acquires Oak Park Condo Building For $12.4M

922 North Boulevard, Oak Park, IL, USA

$12,400,000

Building Size

Asset Type

Closing

Jan 20, 2020

AI

The sale of a condo property in Oak Park has been completed for a total price of $12,400,000. The property, located at 922 North Boulevard and 628 Harrison Street, consists of 82 units, with an average price per unit of $151,220. The transaction took place on January 21, 2020.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $12,400,000
  • Address: 922 North Boulevard & 628 Harrison Street
  • Market: Oak Park
  • Units: 82
  • Price per Unit: $151,220

The buyer of the property is Goldman Investments, represented by Hadar Goldman and Redpoint Capital Management. On the other hand, the sellers are Regency Terrace Condominium Association and Clarence Court Condominium Association. The deal was facilitated by brokers Andy Friedman, Matt Halper, and Marco Cesario, who are affiliated with Kiser Group.

Players

Andrew Friedman

Kiser Group

Broker

$131.5M

vol

20 deals

Broker
GI
Goldman InvestmentsBuyer

Oak Park CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.28%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93